In this edition:
The new Division 296 tax is now in effect for individuals with super balances of $3 million or more from 1 July 2026. We break down how this measure works and what it could mean for your retirement savings.
2. Granny flats – be aware of the CGT consequences
Granny flat arrangements are becoming more common, but they can come with unexpected tax consequences. We outline the key CGT issues you should be aware of before entering into an arrangement.
3. Higher super contribution caps from 1 July 2026: what it means for you
Contribution limits are increasing from 1 July 2026, creating new opportunities to grow your super. We explain the changes and how you may be able to take advantage of them.
4. Capital gains tax (CGT) still applies even if you’re forced to sell an asset
Being required to sell an asset doesn’t mean you’re exempt from CGT. We explain how CGT can still apply and what to consider in these situations.
5. Car logbooks: Back to basics
Three recent cases have put the spotlight on car expense claims, reinforcing the need for accurate and compliant logbooks. We explain the key requirements and common pitfalls to avoid.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.
